New FDI in Hungary with the value of EUR1bn

Ráckeve, Hungary (Maria Bninska, Public domain)

Slovenian Port of Koper used mainly by Austria

Czech Republic has the lowest poverty level in EU

Hungary

Germany’s Fakt AG plans to invest EUR1bn in a horticultural production, processing and logistics center in western Hungary, the Hungarian Agriculture Ministry said.

“The company would build the processing and logistics units on an area of 330 hectares. The project will also include a fish farm, greenhouses, cooling containers, a conference hall and accommodation at a later stage. This investment is the greatest and the most complex agricultural and food industrial project of the last few decades,” Agriculture Minister Istvan Nagy informed.

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Slovenia

Austria uses Slovenian Port of Koper for the majority of its maritime transport. With 7.1 million tons of various goods handled, the market share of the Port of Koper in Austria is estimated at 33 per cent. Between 2009 and 2018, the number of containers from Austria increased almost six times, port operator Luka Koper said in a press release.

“A key prerequisite for fruitful business cooperation are good connections by train. A regular, 10 times a week container service is connecting Koper with Container Center Graz; shippers have also the possibility to use multiple weekly services to Villach and Enns, with onward transport to major industrial centers in Austria” the representative of port pointed out.

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Czech Republic

The Czech Republic has the lowest share of people threatened with poverty out of all EU countries, as only 9.6 percent of its inhabitants live on or below the poverty level, Czech Statistics Office informed on Thursday.

The average poverty level in the EU 28 and the Eurozone is 17 per cent. The poverty line is set at CZK11,963 (EUR466) per individual and CZK25,122 (EUR978) per a family with two children. The average monthly wage in the Czech Republic currently stands at CZK33,840 (EUR1318).

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What’s up in indexes

BET (of Bucharest) increased from 8043.93 index points Wednesday, March 20th to 8070.48 index points Thursday, March 21st. It’s up 0.65 per cent d/d and down 8.19 per cent y/y.

BUX (of Budapest) decreased from 41964.00 index points Wednesday, March 20th to 41956.00 index points Thursday, March 21st. It’s down 0.02 per cent d/d and up 9.73 per cent y/y.

CROBEX (of Zagreb) increased from 1,774.12 index points Wednesday, March 20th to 1,775.12 index points Thursday, March 21st. It’s up 0.34 per cent d/d and down 0.95 per cent y/y.

OMXR (of Riga) increased from 972.17 index points Wednesday, March 20th to 978.17 index points Thursday, March 21st. It’s up 0.62 per cent d/d and down 5.66 per cent y/y.

OMXT (of Tallinn) increased from 1235.57 index points Wednesday, March 20th to 1236.32 index points Thursday, March 21st. It’s up 0.06 per cent d/d and down 5.78 per cent y/y.

OMXV (of Vilnius) increased from 654.02 index points Wednesday, March 20th to 658.33 index points Thursday, March 21st. It’s up 0.09 per cent d/d and down 5.30 per cent y/y.

PX (of Prague) increased from 1073.37 index points Wednesday, March 20th to 1078.39 index points Thursday, March 21st. It’s up 0.47 per cent d/d and down 4.27 per cent y/y.

SAX (of Bratislava) increased from 343.42 index points Wednesday, March 20th to 345.32 index points Thursday, March 21st. It’s up 0.55 per cent d/d and up 1.77 per cent y/y.

SOFIX (of Sofia) decreased from 586.00 index points Wednesday, March 20th to 585.90 index points Thursday, March 21st. It’s down 0.51 per cent d/d and down 12.50 per cent y/y.

UX (of Kyiv) decreased from 1706.74 index points Wednesday, March 20th to 1701.29 index points Thursday, March 21st. It’s down 0.32 per cent d/d and up 2.28 per cent y/y.

WIG20 (of Warsaw) increased from 2351.83 index points Wednesday, March 20th to 2359.02 index points Thursday, March 21st. It’s up 0.31 per cent d/d and up 1.65 per cent y/y.

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